Bitcoin, altcoins risk a massive drop as rising yields point to a rate hike.
Bitcoin’s late-July rally collapsed into a $3,000 flash drop to $62,236 on July 31, erasing $40 billion in market capitalization. Total crypto market capitalization fell from $2.33 trillion to $2.22 trillion, while total altcoin market cap dropped to $964 billion.
August 2, 2026, 7:14 pmStrategy has gone five consecutive weeks without a disclosed bitcoin purchase; the firm last reported holding 843,775 BTC acquired for $63.69 billion.
August 2, 2026, 6:10 pm
Coldcard’s wallet crisis has shaken Bitcoin sentiment, blurred on-chain signals and exposed a recurring weakness in AI-assisted cyber defenses. On July 30, hardware maker Coinkite warned users that wallets generated with affected Coldcard firmware could be drained because a software error produced seed phrases with far less randomness than intended.
Galaxy Research says a third wave of thefts from Coldcard Bitcoin wallets has pushed observed losses to roughly 1,367 BTC across 4,585 addresses.
The company said a similar transfer to Crypto.com in May was part of a broader trading strategy and did not represent a sale.
The Supreme Court gave Donald Trump a pretty direct answer in February: the emergency law he had used to tax imports from nearly everywhere didn't give him the authority to impose tariffs. However, Washington didn't see that as a locked door and treated it more like a disappointing result from a key-cutting machine.
Michael Saylor’s latest tracker post has revived expectations that Strategy could announce another bitcoin purchase on Monday. The signal follows recent treasury sales that reduced the company’s holdings to 843,775 BTC. Saylor’s ‘Bitcoin Drive’ Post Revives Buy Expectations Strategy Inc.
Bitcoin (BTC) is entering August with a cautious technical setup as a TD Sequential sell signal, historically weak August performance, and deteriorating market sentiment converge around the latest price action.
This editorial is from this week’s edition of the newsletter Week in Review, sent to subscribers on Friday. Subscribe to the newsletter to get this weekly editorial the second it’s finished. The newsletter also includes the biggest stories of the week, with a comment on each story. First, an important security warning.
Iran denied Trump's Strait of Hormuz deal claim. Oil rose 2.4%.
$63,528.00 +1.20%
$1.27T Market Cap
$15.13B Total Volume (1.19%)
$126,080 All Time High -49.61%
until new daily candle
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